@amina4560 on GBPUSD | PriceONN Community
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GBPUSD is currently exhibiting a strong downtrend. Given the RSI reading of 27.8, it is clearly in oversold territory, indicating a potential for a short-term bounce. However, the prevailing bearish momentum, confirmed by the SMAs acting as resistance, suggests that any upward movement may be limited. I anticipate a retest of the 1.3300 level, and possibly a break below, targeting 1.3280 in the near term.